FRN Variable Rate Fix

Barclays Bank PLC
                  

Issue Name:               Barclays Bank Plc Series 138
                          AUD 150,000,000 Subordinated FRN Due 2013
ISIN Code:                XS0175471944
Interest Rate:            6.200000%
Base Rate:                5.730000%
Interest Period:          04-Mar-05 to 06-Jun-05
Day Count Method:         Actual/365 (Fixed)
Number of Days in Period: 94
Payment Date:             06-Jun-05

Denomination:      Coupon:
----------------   ----------------
      1,000.00     AUD       15.97
     10,000.00     AUD      159.67
    100,000.00     AUD    1,596.71